Money Daily Brief: World economy to grow faster in 2010, IMF says

(Read caption)
Employees work at the assembly line of Positivo Computers, Brazil's largest computer producer, in Curitiba. The International Monetary Fund is raising its growth forecast for Brazil in 2010.

•In my backyard: Pilots at ailing Air Indiacalled off their five-day strike after the government reversed its decision to slash pay incentives and flying allowances by up to 50 percent. The strike had forced the cash-strapped airline, which is seeking a 75 billion rupee ($1.6 billion) government bailout, to cancel hundreds of flights and initially suspend ticket bookings till Oct. 15, raising fears that fares at other airlines could soar. But with the strike ending, Air India, which controls 17 percent of the market share, says it is trying to normalize operations.